Applied Digital Corporation (APLD)

Applied Digital Income Statement

Financials in millions USD. Fiscal year is June - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2025	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021
Revenue	173.56	144.19	136.62	55.39	8.55	-
Revenue Growth (YoY)	28.43%	5.54%	146.64%	547.94%	-	-
Cost of Revenue	134.31	101.45	106.65	44.39	9.51	-
Gross Profit	39.25	42.74	29.97	11	-0.96	-
Selling, General & Admin	101.22	83.07	45.02	53.92	18.63	0.33
Operating Expenses	101.22	83.07	45.02	53.92	18.63	0.33
Operating Income	-61.98	-40.32	-15.06	-42.91	-19.59	-0.33
Interest Expense	-17.26	-14.74	-17.71	-2.01	-0.11	-0.24
Other Non Operating Income (Expenses)	-6.42	-6.42	-5.7	-	-	-
EBT Excluding Unusual Items	-85.66	-61.48	-38.46	-44.92	-19.7	-0.57
Gain (Loss) on Sale of Assets	-0.19	24.62	-15.42	-	-	-
Asset Writedown	-2.26	-1.14	-	-	-	-
Legal Settlements	-	-	-2.38	-	-	-
Other Unusual Items	-113.81	-120.23	-18.02	-0.09	-2.25	-
Pretax Income	-201.92	-158.23	-74.28	-45.01	-21.95	-0.57
Income Tax Expense	0.11	0.1	0.1	-0.52	0.54	-
Earnings From Continuing Operations	-202.03	-158.34	-74.38	-44.49	-22.49	-0.57
Earnings From Discontinued Operations	-43.25	-72.73	-75.3	-1.12	-1.04	-
Net Income to Company	-245.28	-231.07	-149.67	-45.61	-23.53	-0.57
Minority Interest in Earnings	-	-	0.4	0.96	0.01	-
Net Income	-245.28	-231.07	-149.27	-44.65	-23.52	-0.57
Preferred Dividends & Other Adjustments	2.62	2.62	-	-	-	-
Net Income to Common	-247.89	-233.68	-149.27	-44.65	-23.52	-0.57
Shares Outstanding (Basic)	228	201	114	94	57	2
Shares Outstanding (Diluted)	228	201	114	94	57	2
Shares Change (YoY)	80.57%	76.39%	21.37%	64.52%	3680.20%	-
EPS (Basic)	-1.09	-1.16	-1.31	-0.48	-0.41	-0.38
EPS (Diluted)	-1.09	-1.16	-1.31	-0.48	-0.41	-0.38
Free Cash Flow	-997.76	-797.01	-128.02	-72.54	-55.85	-3.39
Free Cash Flow Per Share	-4.38	-3.96	-1.12	-0.77	-0.98	-2.24
Gross Margin	22.61%	29.64%	21.93%	19.87%	-11.19%	-
Operating Margin	-35.71%	-27.96%	-11.02%	-77.47%	-229.13%	-
Profit Margin	-142.83%	-162.06%	-109.26%	-80.60%	-275.12%	-
Free Cash Flow Margin	-574.88%	-552.74%	-93.70%	-130.96%	-653.25%	-
EBITDA	5.85	57.62	64.31	-35.3	-18.47	-0.33
EBITDA Margin	3.37%	39.96%	47.07%	-63.72%	-216.03%	-
D&A For EBITDA	67.83	97.95	79.36	7.61	1.12	0
EBIT	-61.98	-40.32	-15.06	-42.91	-19.59	-0.33
EBIT Margin	-35.71%	-27.96%	-11.02%	-77.47%	-229.13%	-
Revenue as Reported	173.56	144.19	136.62	55.39	-	-

Updated Oct 9, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q